Stara Planina Holding AD (XBUL:SPH) Cash And Cash Equivalents : лв33.8 Mil (As of Sep. 2023)

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What is Stara Planina Holding AD Cash And Cash Equivalents?

Stara Planina Holding AD's quarterly cash and cash equivalents increased from Mar. 2023 (лв46.12 Mil) to Jun. 2023 (лв50.37 Mil) but then stayed the same from Jun. 2023 (лв50.37 Mil) to Sep. 2023 (лв33.78 Mil).

Stara Planina Holding AD's annual cash and cash equivalents increased from Dec. 2020 (лв38.21 Mil) to Dec. 2021 (лв41.02 Mil) and increased from Dec. 2021 (лв41.02 Mil) to Dec. 2022 (лв43.16 Mil).

Stara Planina Holding AD Cash And Cash Equivalents Historical Data

The historical data trend for Stara Planina Holding AD's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Stara Planina Holding AD Cash And Cash Equivalents Chart

Stara Planina Holding AD Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash And Cash Equivalents

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29.20

33.61

38.21

41.02

43.16

Stara Planina Holding AD Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash And Cash Equivalents	Get a 7-Day Free Trial															37.80	43.16	46.12	50.37	33.78

Stara Planina Holding AD Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Stara Planina Holding AD (XBUL:SPH) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Stara Planina Holding AD Cash And Cash Equivalents Related Terms

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Stara Planina Holding AD (XBUL:SPH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Stara Planina Holding AD (XBUL:SPH) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

20, Frederic Joliot-Curie Street, 9th Floor, Sofia, BGR, 1113

Website

https://www.sphold.com

Stara Planina Holding AD is a holding company. The company is engaged in the acquisition, management, evaluation and sale of shareholdings in Bulgarian and foreign companies; acquisition, management and sale of bonds, evaluation and sale of patents, transfer of licenses for the use of patents, belonging to companies where the holding company has participation; financing companies where the holding company has participations; other commercial operations, except those prohibited by law. The investment portfolio of the holding is distributed mainly in the following industries, Machine Building; Electrical Engineering, Light Industry and Financial.